Data center solutions provider Verne Global, has just announced its acquisition by Digital 9 Infrastructure PLC (D9), a newly established investment company in a deal valued at approximately $319.51 million (approx. $320 million) in cash.

According to D9, the acquisition of Verne Global affirms its strategic focus on providing resilient digital infrastructures that are integrated with green and cleaner power in line with UN Sustainable Development Goal as Verne Global operates a 100 percent renewable powered data center campus in Iceland.

“Data centers form a key part of the digital infrastructure backbone. Verne Global’s existing Icelandic based data center assets represent some of the cleanest, lowest carbon footprint data centers, globally. This is another key step to support decarbonizing the data center industry. For society to meet key decarbonization goals, we need to look for ways to shift energy consumptive activities to areas of surplus renewable energy,” said Thor Johnsen, Investment Manager at Digital 9.

“We are thrilled to add the Verne Global platform to the growing D9 portfolio. Together with the D9 subsea investment in Aqua Comms, we are pursuing further fibre network opportunities to improve connectivity into the Nordics, enabling data center users reliable and low cost access to the vast renewable and low cost energy resources of Iceland and the Nordics.”

According to Verne, its 40 acre data center campus is designed to provide data center services for organizations running high intensity compute workloads, including AI, machine learning, high performance computing (HPC) and supercomputing.

 “We are absolutely delighted to become part of the Digital 9 Infrastructure platform. Its mission to support and develop highly-resilient digital infrastructures that fuel innovation, but are also sustainable and inclusive, resonates tremendously with Verne Global’s own business objectives,” said Dominic Ward, CEO of Verne Global,

The newly acquired data center campus is supported by Iceland’s stable energy grid while the local climate supports free cooling 365 days a year, enabling the company to provide customers with long-term price visibility.